Posts Tagged ‘ Moglix ’

Online business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiat...

Mobile business-to-business (B2B) marketplace Wydr has raised an undisclosed amount in Series A funding from Stellaris Venture Partners, Bessemer Venture Partners and Jungle Ventures, according to a press statement. Axis Capital from Singapore also participated in the round. The company will utilise...

Online business-to-business (B2B) marketplace OfBusiness has raised $11.1 million (around Rs 75 crore) in its Series B round of funding, led by Zodius Technology Opportunities Fund, it said in a statement. Existing investor Matrix Partners and angel investors also participated in the round. The Gurg...

Business-to-business (B2B) marketplace Udaan.com has raised an early stage investment from Lightspeed Venture Partners, it said in a statement. Techcircle could not ascertain the amount raised, but several media reports said the startup raised $10 million (Rs 66.5 crore). Udaan, founded by former Fl...

Smartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money...

The week gone by saw as many as 20 startup funding deals, more than twice as many as during the previous week. Bengaluru airline ticketing aggregator Mystifly, Ratan Tata-backed B2B industrial products marketplace Moglix and food-tech startup InnerChef raised Series A funding rounds. As has been the...

Moglix, run by MOGLILABS Pvt. Ltd, a B2B e-commerce company specialising in procurement of industrial products, has raised Rs 28 crore ($4.2 million) in Series A round of funding led by Accel Partners, along with Jungle Ventures and SeedPlus. Jungle Ventures’ co-founder and managing partner Anurag...

Industrybuying, an online marketplace for industrial goods run by Emtex Engineering Pvt. Ltd, has appointed former MakeMyTrip executive Bharat Arora as its financial controller. Arora will be responsible for strategy, financial planning and accounting, and corporate affair, the company said in a sta...

Sanket Gupta, owner of Pune-based plastics products maker Shri Ram Plastics, hasn’t had to deal with the polymer traders in Pune and Mumbai since a business partner told him about online B2B marketplace Bizongo. He now buys goods worth Rs 10-12 lakh a month on the Bizongo platform. “We make the ...

Tata Sons’ chairman emeritus Ratan Tata, one of India’s most active startup backers, has invested an undisclosed amount in online marketplace for industrial tools Moglix. This is the seventh investment in 2016 for Tata. So far this year, he has put money in biopharmaceutical firm Invictus Oncolo...